Clober Construction Ltd - Accounts to registrar (filleted) - small 18.2

Clober Construction Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: SC527395 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

CLOBER CONSTRUCTION LTD

CLOBER CONSTRUCTION LTD (REGISTERED NUMBER: SC527395)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


CLOBER CONSTRUCTION LTD (REGISTERED NUMBER: SC527395)

ABRIDGED BALANCE SHEET
28 February 2022

28.2.22 28.2.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,140 48,828

CURRENT ASSETS
Stocks 10,550 10,550
Cash at bank 45,892 83,890
56,442 94,440
CREDITORS
Amounts falling due within one year 30,218 75,721
NET CURRENT ASSETS 26,224 18,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,364

67,547

CREDITORS
Amounts falling due after more than one
year

10,159

14,381
NET ASSETS 53,205 53,166

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 53,203 53,164
SHAREHOLDERS' FUNDS 53,205 53,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

CLOBER CONSTRUCTION LTD (REGISTERED NUMBER: SC527395)

ABRIDGED BALANCE SHEET - continued
28 February 2022



The financial statements were approved by the director and authorised for issue on 29 August 2022 and were signed by:





JT MacMillan - Director


CLOBER CONSTRUCTION LTD (REGISTERED NUMBER: SC527395)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Clober Construction Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC527395

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents net invoiced sales of domestic construction services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

CLOBER CONSTRUCTION LTD (REGISTERED NUMBER: SC527395)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2021 66,968
Additions 519
At 28 February 2022 67,487
DEPRECIATION
At 1 March 2021 18,140
Charge for year 12,207
At 28 February 2022 30,347
NET BOOK VALUE
At 28 February 2022 37,140
At 28 February 2021 48,828

5. POST BALANCE SHEET EVENTS

As a member of the construction sector the business was subject to the mandatory shut down imposed by both the UK and Scottish Governments. As a result, it was required to cease trading as of 30th March 2020. During this period staff have been furloughed, laid off, made redundant etc. With staff being placed on furlough the business is eligible for the Government's Coronavirus Job Retention Scheme (CJRS) which will reimburse 80% of the salaries of furloughed staff of all eligible businesses. Finance has been sought through Coronavirus Business Interruption Loan Scheme of £50,000 being received.

The directors/owners have made it clear that once the restrictions have been lifted they intend to resume trading at full capacity with immediate effect.